The Latest

The Federal Housing Administration is cutting its annual mortgage insurance premium by 25 basis points, to 60 basis points, starting Jan. 27, the agency said Monday.

Miami-based NovoPayment, a payment provider with broad reach in Latin America, has upgraded its platform to support corporate bots enabling consumers to conduct person-to-person payments and other transactions within Facebook Messenger, the company said in a Jan. 9 press release.

Learn more about American Banker's enhanced and improved online experience, including a mobile-friendly architecture with responsive design and enhanced navigation.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

ATM maker Diebold Nixdorf plans to unveil its smallest EMV-enabled payment terminal yet, a self-checkout unit that’s designed to fit into small retail spaces and supports cash, cards and contactless payments, but lacks a magnetic stripe reader, the company said in a Jan. 9 press release.

More than a year after leaving a top post at iPayment Inc., Philip Ragona is returning to serve the payments processor with new responsibilities.

Los Angeles fintech firm InvestCloud has acquired London-based Babel Systems for $20 million.

Learn more about CUJ's enhanced and improved online experience, including a mobile-friendly architecture with responsive design and enhanced navigation.

New Frontier Bancshares in St. Charles, Mo., has hired the leader of another local bank as its new CEO.

Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows.